The analysts forecast global thermoplastic polyurethane (TPU) films market to grow at a CAGR of 6.34% during the period 2018-2022. One trend in the market is increasing use of thermoplastics in the aerospace industry.
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Lightweight materials are increasingly used in the aerospace industry.
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These materials enhance fuel efficiency and reduce emissions. Factors such as the increasing awareness about climate change, emphasis on environmental issues, and rising cost of fuel have increased the demand for lightweight aircraft.
Major key players in the global thermoplastic polyurethane (TPU) films market: 3M, AVERY DENNISON, BASF, Covestro, Huntsman International, and PAR Group.
According to the thermoplastic polyurethane (TPU) films market report, one driver in the market is rising number of wind mill installations. Wind energy is an inexpensive source of renewable energy, which can be used for the generation of electricity.
North America and Western Europe contribute significantly to the total number of wind tower installations across the globe. It (wind energy) is expected to cater to more than 18% of the global electric power by 2025.
It is expected to provide more than 2,000 GW of power with an annual investment of more than $211.39 billion (€190 billion) by 2030.
Further, the thermoplastic polyurethane (TPU) films marketreport states that one challenge in the market is stringent regulations on automobile manufacturing. Automakers concentrate on improvising transportation and mobility features of the vehicles due to stringent fuel economy regulations.
Many manufacturers equip the traditional engine and powertrain with these advanced features due to the short time frame allocated. In addition to improving the powertrain performance, automobile manufacturers will have to take risks in product development.
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For instance, in 2014, Ford replaced steel in its highly recognized and profitable F-series truck with aluminum leading to weight reduction and fuel efficiency.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Few Points from List f Exhibits:
Exhibit 1: Parent market
Exhibit 2: Segments of the parent market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global TPU films market Market size and forecast 2017-2022 ($ millions)
Exhibit 9: Global TPU films market Year-over-year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2017
Exhibit 18: Application Market share 2017-2022 (% share of revenue)
Exhibit 19: Comparison by application
Exhibit 20: Global TPU films market by automotive Market size and forecast 2017-2022 ($ millions)
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